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What Is Probate
Probate is a person’s estate administered properly following their death. It is a procedure that offers a roadmap and structure for legally organizing and settling the deceased person’s affairs.
What is the purpose of probate?
Probate is used when someone passes away, and their assets must be settled. These assets include tangible possessions like furniture and appliances and intangible assets like bank accounts, mortgages, and more. Even though a person’s Will grants them the right to an asset, loved ones and family members typically cannot immediately swarm the inheritance to take what the deceased left behind or overlook all the unresolved issues.
People often create a final Will to specify their intentions and directives for their estate and other possessions. The probate procedure includes proving the Will and confirming that it is a valid legal instrument.
What if there is no Will?
Probate will always be less complicated if you have a Will and/or living trust that explicitly states your intentions. However, if there is no Will, the estate is intestate. The term intestate means dying without a lawful Will. When someone passes away without a Will, a probate court decides how to divide the deceased’s assets.
When there is no Will, and you plan to sell the estate of a deceased, you should expect delays since there is an involvement of a judicial process.
What is a probate sale?
The process of selling and purchasing an estate belonging to a deceased individual is called “probate sales,” and it is regulated by the court. Given that probate sales involve legal matters, hiring a probate lawyer will essentially help you throughout the entire probate process.
What is a probate lawyer?
Probate lawyers work with non-lawyer clients to ensure they can execute their responsibilities as executors, representatives, or administrators of estates. During the probate process, they offer assistance on an as-needed basis, providing as much or as little expertise as required.
How long does the process take?
The overall process may vary according to the size of the estate and may take a few weeks or even years. It entails contacting the local court office and filing documents or petitions. Most states offer a variety of probate procedures.
In conclusion, probate is a legal procedure that has to happen once a homeowner dies. A court will begin dividing your estate among the proper heirs. If you need further assistance regarding a probate sale or in need of a probate lawyer, please feel free to inquire with our team and know more about our top-notch services offered.